[Tfug] OT: Bailout Bill
Steve Franks
stevefranks at ieee.org
Thu Sep 25 12:00:24 MST 2008
>> I understand that part of this was caused during the Clinton
>> administration when the distinction between investment banks and
>> commercial was removed allowing all banks to invent in ridiculously
>> leveraged ways.
You are perhaps referring to
http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act - the 'side' of
the isle you are referring to appears to have left their constituents
behind when they went to Washington (as did the *other* side of the
aisle). This country needs more libertarians.
Steve
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